Under bankruptcy chapter 7 the debt represented by the note is Not dischargeable if Nell concealed assets to defraud Lynn.
Nondischargeable loan is a form of debt that is not dischargeable in bankruptcy. Student loans, the majority of federal, state, and local taxes, money borrowed on a credit card to pay those taxes, child support, and alimony are just a few examples of such obligations.
Other nondischargeable debt under Chapter 7 of the Bankruptcy Code includes payments owed for injuries sustained by the debtor while driving while intoxicated. Creditors have the right to contest debts that a debtor is seeking to discharge through bankruptcy.
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compute monthly breakeven sales in dollars. use the contribution margin ratio approach. select the labels and enter the amounts to calculate the breakeven point in dollars using the contribution margin approach.
The breakeven sales in dollars obtained using the contribution margin approach for Gilbert’s Steel Parts is $753,200.
This question is in complete sentences as follows:
"Gilbert's Steel Parts manufactures automobile parts. The business has $640,220 in fixed monthly costs and an 85% contribution margin on revenues. Calculate Gilbert's monthly breakeven sales in USD. Use the contribution margin method".The breakeven sales in dollars for Gilbert’s Steel Parts is $753,200. Here is how to calculate the breakeven point using the contribution margin method:
Breakeven sales in dollars = [tex]\frac{Fixed Cost}{Contribution MarginRatio}[/tex]
= $640,220
85%
= $753,200
A business's breakeven point is the dollar amount of sales at which it makes neither a profit nor a loss. Based on the calculation above the breakeven sales in dollars for Gilbert’s Steel Parts is $753,200.
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By studying the rhetorical strategies billboards and advertisements use, people can?.
The rhetorical strategies billboards and advertisements use, people can c) evaluate and be able to resist messages designed to influence them.
What are billboards?Advertising, billboards, and other rhetorical techniques are used to attract attention and persuade more people to purchase a specific product.Any tactics a company or business takes to persuade more clients to buy a specific product are considered rhetorical methods.We may better comprehend how persuasive these are if we examine all the rhetorical techniques used by a firm in elements like commercials, billboards, and other forms of communication. Thus, we can reject any message a business throws our way and refuse to purchase a priceless item.hence, evaluate and be able to resist messages designed to influence them.
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What was the main purpose of the Hitech Act?
The Health Information Technology for Economic and Clinical Health (HITECH) Act, enacted as part of the American Recovery and Reinvestment Act of 2009, was signed into law on February 17, 2009, to promote the adoption and meaningful use of health information technology.
What is the Health Information Technology for Economic and Clinical Health ?The American Recovery and Reinvestment Act (ARRA) of 2009 contains the Health Information Technology for Economic and Clinical Health Act (HITECH), which establishes incentives for the adoption of electronic health record (EHR) systems by providers and other aspects of health care information technology.The Health Insurance Portability and Accountability Act (HIPAA(HITECH) )'s expanded privacy and security protections as a result of the expansion in the exchange of electronic protected health information (ePHI), which includes increased legal liability for non-compliance and more enforcement actions.HIPAA was not historically strictly enforced, but after the passage of the final rule [PDF] in 2013, enforcement efforts were made clearer and more effective. Penalties for infractions apply to business partners as well as covered companies.Increased civil monetary fines are imposed for "willful negligence".A state attorney general may file a claim on behalf of a state's citizens even though an individual cannot sue a provider for HITECH violations.Periodic audits of covered entities and business associates are required to be carried out by the Department of Health and Human Services (HHS).To learn more about Hitech Act, refer to
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the opportunity costs of attending college include the: effort and hard work. potential income that could be earned working. cost of room and board. cost of clothes to wear at school.
The opportunity costs of attending college include the (B) potential income that could be earned working.
What are opportunity costs?The value or advantage forfeited by engaging in a specific activity in comparison to engaging in a different activity is known as the opportunity cost in microeconomic theory. Simply put, it indicates that by choosing one course of action (such as making an investment), you are forgoing the chance to choose another course of action. The best activity is the one that, after deducting opportunity costs, has the highest return when compared to all other activities. For instance, if you purchase a car and use it just for personal transportation, you are not permitted to rent it out; yet, if you do, you are not permitted to use it for personal transportation.Therefore, the opportunity costs of attending college include the (B) potential income that could be earned working.
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Correct question:
The opportunity costs of attending college include the:
a. effort and hard work.
b. potential income that could be earned working.
c. cost of room and board.
d. cost of clothes to wear at school.
on september 1, 2024, hiker shoes issued a $116,000, 8-month, noninterest-bearing note. the loan was made by second commercial bank where the stated discount rate is 8%. hiker's effective interest rate on this loan is:
Hiker Shoes paid about 8.42% in interest charges despite the note's claimed 8% discount rate.
Define the term discount rate?The discount rate is an interest rate used to convert a future income stream to its present value. Context: The discount rate is the interest charged by a central bank on loans to domestic financial institutions.Computing the actual dollar amount paid for interest is the first step in determining the effective interest:
interest = 8%*$116,000*8/12
interest = $6,168.66
Effective interest is calculated as: Interest/Actual Cash Received*12/8
Hiker sneakers actually received between $116,000 and $6,168.66
=$109,813.33
Effective interest = $6,168.66/109,813.33*12/8.
Effective interest = 0.0842
Effective interest equals 8.42%
Even though the note's advertised discount rate is 8%, Hiker Shoes actually paid around 8.42% in interest costs.
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linkedin is mainly used for ________blank in the b2b marketplace.
LinkedIn is mainly used for professional networking in the b2b marketplace.
B2B stands for business-to-business, regarding a sort of transaction that takes place between one business and any other. B2C stands for business-to-customer, as in a transaction that takes location between an enterprise and a character because they give up a customer.
LinkedIn is the arena's largest professional networking platform. It's also one of the maximum influential social media networks, with 756 million contributors. It is plenty of potential contacts! Individuals use the website to hold in touch with enterprise buddies, customers, and co-people.
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which of the following jobs are held by knowledge workers who are likely to desire the kind of management described above? check all that apply. dental technician marketing analyst operations analyst financial analyst
Knowledge workers, also known as knowledge entrepreneurs, free agents, or human capital, make up the segment of the workforce that is expanding the quickest globally. Information workers are described as "high-level employees who utilize theoretical and analytical knowledge, obtained through formal education, to produce new goods or services" by Peter Drucker, the prominent management author who is credited with creating the term.
To conduct interdisciplinary, complicated, and unpredictable jobs, knowledge workers must obtain, manipulate, interpret, and apply information. They use knowledge from a variety of fields and information analysis to solve issues, produce concepts, or develop new goods and services.
Professionals, scientists, educators, and information system designers are a few examples of knowledge workers. Knowledge work is distinguished by the utilization of data, particular work circumstances, innovation, and autonomy. Knowledge workers use concepts rather than tangible objects to make decisions and accomplish their tasks. Their work is non-repetitive and emphasizes mental ability rather than physical strength. Knowledge workers have the authority to choose which work methods to use to complete their diverse job duties and use a variety of approaches and techniques to address difficulties.
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what is decision making(dm) under risk? a) know more than one state of nature but not the probability they will occur b) a fixed and firm decision c) decision maker will know what will happen d) knows the probability of states of nature occurring
Decision-making (dm) under risk knows the probability of states naturally occurring. The correct answer is option(d).
Decision-making is the process of selecting by recognizing a resolution, gathering news, and evaluating alternative determinations. Using a gradual accountable process can help you form more deliberate, thoughtful conclusions by systematizing appropriate facts and delimiting opportunities. The Decision-making process is an unending and necessary component of managing some arranging or trade endeavors.
Decision-making under risk refers to a position at which point the consequences of the selected alternative and the feasibility of the allure incidents are famous. In addition, in decision-making research under risk, drawing collection tasks are frequently used to study their character.
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if you wanted to make an 8% down payment on a $3,585 loan to buy cashmere sweaters for your boutique, how much money would you need?
If you wanted to make an 8% down payment on a $3,585 loan to buy cashmere sweaters for your boutique, $286.80 much money would you need.
What does a down payment mean?The upfront cash payment made by the buyer for a home or other major purchase is known as a down payment. For a home being used as a primary residence, down payments can range from as little as 3% to as much as 20% and are normally given as a percentage of the purchase price.
What is the importance of a down payment?A down payment assists the buyer in acquiring ownership of the asset, such as a car or house, and also lowers the amount due each month for the principal and interest on the loan. An increased down payment by the buyer can result in a cheaper interest rate.
$3,585×8%=$3,585×0.08=$286.80.
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the journal entry for the direct write-off method indubey companies incorporated reported the following accounts and amounts (in millions) in its financial statements for the year ended november 30, 2018. accounts payable$ 920 accounts receivable1,040 accumulated amortization580 accumulated depreciation1,210 allowance for doubtful accounts30 cash and cash equivalents1,110 common stock550 deferred revenue2,140 equipment8,330 income taxes payable 30 notes payable (long-term)3,470 notes receivable (long-term)330 prepaid rent350 retained earnings7,970 service revenue570 short-term investments4,750 software 990 required: prepare a classified balance sheet. the allowance for doubtful accounts relates entirely to accounts receivable. (one of the accounts does not belong on the balance sheet.) (enter your answers in millions (i.e., 10,000,000 should be entered as 10).)
The direct write-off method waits until an account is determined to be uncollectable earlier than it “write's off” the account.
To “write off” an account underneath this technique we use the following journal entry: DR: Bad Debt Expense (for the amount uncollectible). CR: Accounts Receivable (for the quantity uncollectible).
What is a write-off journal entry?The direct write-off technique is a easy process, where you would report a journal entry to debit your horrific debt account for the terrible debt and savings your bills receivable account for the same amount.
When the direct write-off approach is used the entry to write-off a client account would?The entry to write off the awful account under the direct write-off technique is: Debit Bad Debts Expense (to record the quantity of the loss on the company's earnings statement) Credit Accounts Receivable (to cast off the quantity that will now not be collected)
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https://brainly.com/question/25779348#SPJ4A reason for a country’s development of advanced and specialized factors of human capital is often its.
It is common for a country's dearth of natural resources to be a factor in the development of sophisticated and specialized human capital.
What are the various sorts of natural resources?Resources that are derived from nature and used largely unaltered are known as natural resources. This comprises the origins of desirable traits, such as their utility for commerce and industry, aesthetic worth, scientific curiosity, and cultural significance. Natural resources include things like air, sunlight, water, soil, stone, plants, animals, and fossil fuels, to name a few. Because they are used to sustain life and fulfill human needs, natural resources are valued.
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lr engines stock is selling for $42.39 a share, has an roe of 14.3 percent, and a dividend payout ratio of 35 percent. the next expected dividend is $1.62 a share. what is the cost of equity for this firm? a) 12.86 percent b) 13.12 percent c) 13.47 percent d) 12.52 percent e) 13.70 percent group of answer choices
The cost of equity for this firm is 13.12%
What is the cost of equity?The return a business needs to determine if an investment satisfies capital return criteria is known as the cost of equity. It is frequently used by businesses as a cap for the required rate of return. The price the market is willing to pay to possess an asset and assume ownership risk is known as a company's cost of equity. The capital asset pricing model and the dividend capitalization model are the two conventional formulas for calculating the cost of equity (CAPM)
Growth = b × r = (1-0.35) × 14.3% =9.295%
Cost of equity = D₁/P₀ + g = 1.62/42.39 + 9.295% = 13.12%
Hence, the cost of equity for this firm is 13.12%.
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during its most recent fiscal year, raphael enterprises sold 380,000 electric screwdrivers at a price of $20.40 each. fixed costs amounted to $1,444,000 and income was $1,824,000. what amount should have been reported as variable costs in the company's contribution margin income statement for the year in question?
$4,484,000 , amount should have been reported as variable costs in the company's contribution margin income statement for the year .
What are investments?A purchase made with the intention of creating income or capital growth is known as an investment.An asset's value increasing over time is referred to as appreciation. When a person invests in a good, they do not intend to utilize it as a source of immediate consumption, but rather as a tool for future wealth creation.An investment always involves the expenditure of some resource today—time, effort, money, or an asset—in the anticipation of a future return greater than the initial investment.For instance, an investor might buy a financial asset right away with the hope that it would provide income later on or that it can be sold for a profit at a higher price.According to our question-
Variable Cost = Sales - Contribution
$3,268,000 = (380,000 electric screwdrivers × $20.40 each) -
= $7,752,000 - $3,268,000
= $4,484,000
Hence,$4,484,000 , amount should have been reported as variable costs in the company's contribution margin income statement for the year .
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Are those buyers who want to be the first on the block to have the new product or service.
a. Enjoy taking risks
b. Highly knowleadgeable
c. Keep themselves very well informed
d. Crucial to the success of any new product
Buyers who want to be the first on the block to have the new product or service enjoy taking risks and are regarded as highly knowledgeable. Hence, A and B are the correct options.
Innovation is the transformation of a concept into a workable reality. This is a product, method, business concept, or combination thereof that has been launched in the market and generates new revenues and organizational growth for the company.
Innovative things are fresh and unique. You are an innovative person if you enjoy trying new things and coming up with creative solutions.Innovative, as well as the words nova, novel, and novice, are all derived from the Latin word novus, which means new. Something innovative renews or modifies the way something has been done.
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critics of active fiscal policy argue that when funds are borrowed to finance a deficit, those savings could have been used in the private sector, thereby private expansion in favor of the public sector.
Fiscal policy is the use of public expenditure and taxation to affect the economy, particularly macroeconomic conditions. These include employment, inflation, economic expansion, and the total demand for goods and services.
The government may reduce tax rates or boost spending during a recession to boost demand and the economy. On the other hand, it can increase rates or reduce spending to slow down the economy in order to battle inflation.
Monetary policy, which is implemented by central bankers rather than elected government officials, is sometimes contrasted with fiscal policy.
Keynesian economists contend that for the economy to experience continuous growth, the private sector components of aggregate demand must be less volatile and less reliant on psychological and emotional variables.
Economic recessions and depressions can be caused by consumer and business pessimism, anxiety, and uncertainty. Additionally, overly giddy public sector behavior during prosperous times might result in an overheated economy and inflation.
To balance out the excesses and shortfalls of private sector consumption and investment spending, Keynesians contend that government taxation and spending can be effectively managed and utilized to sustain the economy.
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fundha's company wants to foster cooperation between the five units of the organization and has established an informal blank network that allows managers within the international firm to share ideas and foster the team approach. multiple choice question. knowledge incentive output distributive
Fundha's company wants to foster a) Knowledge among cooperation between the five units of the organization.
Knowing person knowledge entails understanding (a) what information we represent about people, (b) how we obtain this information, and (c) how we utilize this information to generate new inferences and judgments.
Knowledge improves our reasoning and problem-solving abilities. A solid knowledge foundation allows minds to perform more easily and effectively. With the power of knowledge, we grow smarter and solve difficulties more readily. Everyday Life- Knowledge is vital and beneficial in everyday situations.
Knowledge is certainly beneficial in terms of ensuring or increasing the likelihood of success in real life. Even philosophers who differ on many other issues seldom contest the assumption that knowledge has a high practical value.
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last month, the company used a total of 1,000 hours of labor. the company's labor relations policy will not allow the combined total hours of labor (manufacturing plus assembly) to increase or decrease by more than 100 hours from month to month. in addition, the company charges monthly inventory at the rate of 2% of the production cost based on the inventory levels at the end of the month. the company would like to have at least 27 units of each model in inventory at the end of the two months. (hint: define variables for production and inventory held in each period for each product. then use a constraint to define the relationship between these: inventory from end of previous period produced this period - demand this period
Labor Relations Is About More Than Contract Negotiations and Walkouts.
Beyond collective bargaining and contract negotiations, labor relations additionally encompasses different strategic human assets techniques and policies that have an effect on unions and non-union personnel alike.
What are the three dreams of the labor family members process?The labour members of the family technique that produces a union-management relationship consists of three phases: union organizing, negotiating a labour agreement, and administering the agreement.
What is labor family members example?Labor relations is defined as the ongoing relationship between an organisation and union participants or other defined agencies of employees. The interactions between administration of a business enterprise and the union representing the majority of personnel who work there are an example of labor relations.
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https://brainly.com/question/20396816#SPJ4after the federal government stepped in to keep some businesses from failing, new attention was focused on executive compensation. politicians, tax payers and news media called for change. this is an example of an organization change attempt focused on influencing
This is an example of an organisation change attempt focused on influencing People.
What do you mean by organisational change?
Organizational change refers to actions a business take over to change/ adjust to a certain aspect of parameters. It may include methods like culture, internal processes, underlying technology or infrastructure, corporate hierarchy. It may occur due to change in market conditions, policy change and economic recession or boom.
Types of organizational change are :
Strategic Transformational Change.Structural Change.Remedial Change.People-Centric Organizational ChangeThe above case explains the need for influencing people in order to assist themTherefore, This is an example of an organization change attempt focused on influencing People.
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expedia used apis to increase the distribution of travel products that it sells, relying on partners to plug into its technology and inventory.
a. true
b. false
Expedia used APIs to increase the distribution of travel products that it sells, relying on partners to plug into its technology and inventory. TRUE
Business technology is any electronic object or system that helps employees accomplish tasks. The technology that employees use includes computers, internet systems, printers, mobile devices, and software applications that help them organize and prioritize work.
Business Technology as a concept describes all technology that helps an organization run its business and operational processes. That technology can be customer-facing applications and solutions, business-critical production and logistics solutions, or back-office financial systems, among others.
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Which of the following store designs contains parallel aisles with merchandise on shelves on both sides
of the aisles?
A. Boutique layout
B. Free-form layout
C. Loop
D. Racetrack
E. Grid layout
The grid layout of a store features parallel aisles with merchandise on shelves on both sides.
What is the layout of the racetrack?
The racetrack layout is a large loop that leads customers around the store.A central display and a collection of shelves or racks on the walls are typical of this layout.When a store wants to show its entire inventory to customers, the racetrack layout can work well.
How does a typical store look?
The majority of retail establishments, regardless of size, employ one of six fundamental store layouts:grid, loop, free-flow/mixed, diagonal, forced-path, and angular are the various types.The sort of format you use relies upon your space, the shopping experience you are attempting to make, and the items you sell.
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working capital blank . multiple choice question. is the value recaptured after the end of an investment's use is the amount paid for ownership of the investment is the cost savings provided by the capital investment often increases when a company takes on a new project
Working capital often increases when a firm takes on a new project. Thus option D i.e. 'often increases when a company takes on a new project' is the correct answer.
Working capital refers to the money available to meet a company's current, short-term obligations. To make sure the working capital of the company works best for it, the company needs to calculate its current levels, project its future needs, and consider ways to make sure it always has enough cash. In simple words, it can be stated that working capital is the amount of money the company requires to finance its day-to-day operations.
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when mark buys groceries, he prefers certain products simply because the products have a familiar brand name. his preference best illustrates the importance of: social traps. the mere exposure effect. mirror-image perceptions. deindividuation.
The given situation best illustrates the example of the (B) mere exposure effect.
What is the mere exposure effect?A psychological phenomenon known as the simple exposure effect shows that people have a tendency to favor persons or things that are more familiar to them than others. Exposure over time makes anything more familiar. The familiarity effect is another name for this effect. Our propensity to form preferences for things only because we are familiar with them is known as the mere exposure effect. It also goes by the name of the familiarity principle for this reason.Simply put, the Mere Exposure Effect is a psychological phenomenon whereby people favor others or things just because they are accustomed to them. Babies, for instance, grin more at those who smile at them.Therefore, the given situation best illustrates the example of the (B) mere exposure effect.
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Correct question:
When mark buys groceries, he prefers certain products simply because the products have a familiar brand name. his preference best illustrates the importance of
a. social traps.
b. the mere exposure effect.
c. mirror-image perceptions.
d. deindividuation.
A business ________ includes the network of activities, repositories, roles, resources, and flows required to accomplish a business function.
A business Process includes the network of activities, repositories, roles, resources, and flows required to accomplish a business function.
What is business Process?
A business process, business technique, or business function is a set of connected, organized activities or tasks performed by humans or machinery in a certain order to generate a service or a product for a specified customer or consumers.
A business process is a group of interconnected actions that culminate in the supply of a service or good to a customer. Another definition of a business process is a series of tasks and activities that, when finished, will achieve an organizational objective.
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a tightly coupled system of strategy and structure is prone to break apart when
A tightly coupled system of strategy and structure is prone to break apart when input and output controls restrict information flow.
One downside of a practical organizational shape is d. It no longer facilitates a sincere technique of supervision and control. The functional organizational shape is complex due to the fact the employees of an agency get hold of numerous instructions from various functional heads.
If a business enterprise adjusts its approach, it must trade its shape to support the new approach. When it doesn't, the shape acts like a bungee cord and pulls the organization returned to its vintage strategy. The method follows the shape.
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a company projects a loss of $100000 in its first year of trading, but each year it will make $15000 more than the previous year. in which year does it first expect to make a profit
Let's say it requires n years.
How much profit can you anticipate?First year: $100,000 in profit
Second year: $85,000 in profit
Third year: $7000 in profit
Fourth year: 55,000 in profit
Fifth year: $40,000 profit
Sixth year: $25,000 in profit
seventh year: 15,000 in profit
eighth year: zero surplus
9th year surplus of 15,000
10th-year excess of $30,000
Therefore, you must continue until all of these numbers add up to zero. Next year, the business will turn a profit.
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how much will $6,500 invested at the end of each year grow to in 5 years, assuming an interest rate of 10% compounded annually? g
The annual percentage rate on 5-year term deposits starts at 3.50 percent.to 6.75% p.a.
How is 5-year compound interest calculated?
Using A = P (1 + r/n)nt, determine the accrued amount (Future Value FV).In this example, we begin with a $10,000 principal investment compounded quarterly (four times per year) for five years at a rate of 3%.In cell B1, the answer Accrued Amount (FV) = 11,611.84 should appear if you copied it correctly.
At an annual rate of 8%, what will $1,000 be worth in five years?
$1,489.85 At an annual rate of 8%, what is the future value of $1000 in five years? In the case of building month to month, $1,489.85 is the all out accumulate interest esteem following five years.
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We often glorify the positive exchanges along the silk road, but can you think of a possible negative impact of global trade on society in either the ancient or modern world?.
Global trade could have a detrimental impact, among others.Both then and now, the prevalence of conveyed in these are invading species and diseases goods.
when two nations do business together another, particularly in regard to agriculture such as produce, fruit, and cattle, they can unintentionally transfer diseases and other invasive species, including living insects one of these goods when two nations do business together another, particularly in regard to agriculture such as produce, fruit, and cattle, they can unintentionally transfer diseases and other invasive species, including living insects one of these goods.Eurasian trading routes, including the Silk Road pathways contributed to the spread of epidemics spread from Asia to Europe so swiftly, and Currently, poisoned meat and other issues contaminated goods are exported and have an impact everyone on the planet.Similar to the Silk Road, the current international economy has caused a mingling of cultures. The ongoing evolution of the English language is one illustration of this.Different civilizations have been forced to acquire English in order to communicate as a result of cultural blending brought on by the global economy.
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What methods could the Federal Reserve use to stabilize the economy?
A. The Federal Reserve issues money to individuals to stimulate the economy.
B. The Federal Reserve increases interest rates to incentivize banks to lend
C. The Federal Reserve provides loans to banks that cannot obtain loans to prevent shortages in cash
D. The Federal Reserve prevents banks from lending who do not have the reserves to lend.
Answer:
c is correct
Explanation:
The methods that the Federal Reserve use to stabilize the economy is: C. The Federal Reserve provides loans to banks that cannot obtain loans to prevent shortages in cash.
What is federal reserve?Federal reserves can be defined as a institution that help to ensure that money flow or circulate in an economy. They does this by controlling or supervising the flow of money so as to prevent cash shortages or financial crises.
The federal reserves help to give out loans to banks that are finding it hard to obtain loans so as to prevent cash shortage.
Therefore the correct option is C.
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the ____ form of organization design is one in which a set of product groups is superimposed on a functional organization design.
The matrix form of organization design is one in which a set of product groups is superimposed on a functional organization design.
Which organizational design style is also referred to as the U-form design?
The functional approach to departmentalization is used almost exclusively in the U-form organization, where U stands for unity. A single-product strategy is implemented using the U-form design. Coordination is crucial due to the emphasis on functional activities.
The majority of businesses use multiple bases of departmentalization in various areas and/or levels. Lennick (1995) identified a variety of organizational departmentalization's. These are: Functional departmentalization, in which jobs that involve the same or similar activities are combined.
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ruben earned a salary of $60,000 in 2010 and $80,000 in 2020. the consumer price index was 177 in 2010 and 221.25 in 2020. ruben's 2010 salary in 2020 dollars is
Ruben's salary in 2020 will be $75000 if consumer price index was 221.25 in 2020.
What is Consumer Price Index?A consumer price index is a price index that calculates the average and weighted cost of a market basket of goods and services that households buy. Price fluctuations throughout time are tracked by changes in the CPI. The Consumer Price Index (CPI) serves as a gauge for the general level of prices in an economy. The CPI is made up of a collection of frequently purchased products and services. The CPI tracks changes in a country's currency's buying power as well as the cost of a selection of goods and services. The Consumer Price Index (CPI), which calculates the percent change in the cost of a selection of products and services that families typically use, is the most well-known measure of inflation.
Hence, Ruben's salary in 2020 will be $75000
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